Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Universal Display Co. (NASDAQ:OLED) by 16.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,595 shares of the semiconductor company’s stock after acquiring an additional 1,915 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Universal Display were worth $1,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC boosted its stake in shares of Universal Display by 126,825.0% in the 4th quarter. AlphaQuest LLC now owns 5,077 shares of the semiconductor company’s stock valued at $742,000 after buying an additional 5,073 shares during the period. Amundi boosted its stake in shares of Universal Display by 3.7% in the 4th quarter. Amundi now owns 180,050 shares of the semiconductor company’s stock valued at $26,440,000 after buying an additional 6,475 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Universal Display by 2.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,957 shares of the semiconductor company’s stock valued at $1,163,000 after buying an additional 227 shares during the period. AMG National Trust Bank boosted its stake in shares of Universal Display by 7.3% in the 4th quarter. AMG National Trust Bank now owns 13,929 shares of the semiconductor company’s stock valued at $2,055,000 after buying an additional 942 shares during the period. Finally, Candriam S.C.A. boosted its stake in shares of Universal Display by 0.8% in the 4th quarter. Candriam S.C.A. now owns 199,484 shares of the semiconductor company’s stock valued at $29,165,000 after buying an additional 1,497 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OLED shares. Roth Mkm lifted their price objective on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Susquehanna decreased their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group decreased their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Citigroup decreased their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Needham & Company LLC decreased their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Up 1.7 %

OLED opened at $150.35 on Monday. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. Universal Display Co. has a 52 week low of $140.17 and a 52 week high of $237.00. The business’s 50 day moving average is $148.95 and its two-hundred day moving average is $170.55.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.08 by $0.14. The company had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Equities analysts expect that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.45 per share. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.20%. Universal Display’s payout ratio is 38.71%.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.